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503 South 2nd Street

503 South 2nd Street, Mebane, NC 27302
Property in Alamance
Sold Jun 29, 2015
$147,000
$166,000 by Elagstar Bank Fsb
Mortgage Due Mar 01, 2052
Sold Aug 20, 2014
$18,000
503 South 2nd Street in Mebane, NC was first built in 2014 and is 10 years old. This has been categorized as a residential property type. It is a single story home. There are a total of 0 rooms in the home, of which, 3 are bedrooms. In terms of bathrooms, there are a total of 2 full bathrooms. There are 2 partial bathrooms. 503 South 2nd Street has 1,324 sqft of living area. This is typically the area of a building that is heated or air conditioned and does not include the garage, porch or basement square footage. In total, the area measurement of the land is 13,852 square feet.

Learn more about the property and building on this page. Water for the property is sourced from a municipal system. The home is connected to a municipal sewage system. So as a homeowner, you won't have to worry about the responsibilities of handling a septic tank but you may need to pay additional fees to have your wastewater disposed. The quality of the control joints have been graded by the local assessor with a letter grade of C+. Walk into the home itself and you'll find that it is currently being cooled with central air conditioning. As for heating, the home is utilizing a central heating system. Here at RealtyHop, we've focused a lot of our efforts into gathering up-to-date and accurate data for our users. Based on our sources, 503 South 2nd Street was last sold in Jun 29, 2015 for $147,000. According to our calculations, that's $111.03 per sqft. Prior to that sales transaction, the property was sold for $18,000 in Aug 20, 2014. Current property owners are expected to pay $1,693 in taxes per year. The property on 503 South 2nd Street was last assessed in 2022. As a result of that assessment, the total value of the property was placed at $151,198. To break that down further, the land itself was valued at $35,000. While improvements to the property were assessed at a total of $116,198. Based on our records, the total market value for this property has been marked the same as the total assessed value as of this moment. Which is nothing out of the ordinary. If you're currently on the market shopping for a loan, then you've most likely encountered the two terms "interest rate" and "annual percentage rate (aka APR)". But do you know the difference between the two? Typically, APRS are higher than interest rates because they include most additional fees and one-time costs. As a result, it's important to look at both and if you notice that your APR is significantly higher, that might mean that too many additional fees are being charged. This property is not listed for sale at this point in time but RealtyHop is constantly updating our inventory of available sales listings in real time. Don't want to miss out on this property? You can save the listing to your favorites by signing up for a RealtyHop account or you can check back frequently for updates.

This property description is generated based on publicly available data.

Building Info

Overview

    General

  • Year Built: 2014
  • Effective Year Built: 2014
  • Bedroom Count: 3
  • Bathroom Count: 2
  • Full Bathrooms: 2
  • Partial Bathrooms: 2
  • Building Quality: C+
  • Floor Count: 1
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 13,852
  • Lot Size Frontage Feet: 750
  • Total Building Area: 1,324
  • Building Area: 1,324
  • Building Area Measurement: Heated Area

    Heating and Cooling

  • Air Conditioning: Central air conditioning
  • Heating: Central heating
  • Heated Square Feet: 1,324
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: Municipal
  • Water Service: Municipal

Building

  • Property Class: Residential
  • Subdivision: A W SCOTT
  • Land Acres: 0.318
  • Standard Land Use Code: Single family residential
  • County Land Use Code: Miscellaneous (general)
  • Legal Description 1: BLOCK 4 LT 15 210-838-15

Ownership

  • Current Owner : BIGGS WILLIAM J
  • Previous Owner : ACCENT BUILDERS AND DESIGN INC
  • Owner Before Previous Owner: PEARSON ANN J

Neighborhood

  • School District Name: Alamance-Burlington Schools
  • School Tax School District: EASTERN
  • Census Tract: 021206

Zoning

  • Zoning: R12

Geography

  • Assessors Map Reference: PM 9815
  • Account Number: 654759
  • Parcel: 165990
  • Lot: 15
  • Municipality: MELVILLE
  • Latitude: 36.0917
  • Longitude: -79.273

    Address

  • Full Address: 503 S Second St
  • Address - House Number: 503
  • Street Direction: S
  • Address - Street Name: Second
  • Address - Suffix Type: St
  • State: NC
  • City Name: Mebane
  • Carrier Code: C001
  • 4-Digit Zip Code: 3109
  • Zip Code: 27302

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $1,693
  • Tax Rate Code Area: 14

    Appraisal Valuation

  • Standard Deviation: 0.2293
  • Valuation Date: Nov 30, 2022
  • Confidence Score: 68
  • Final Value: 291,491
  • High Value: 358,343
  • Low Value: 224,640

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $166,000
  • First Open Lien Mortgage Lender: ELAGSTAR BANK FSB
  • First Open Lien Mortgage Recording Date: Feb 22, 2022
  • First Open Lien Mortgage Loan Amount: $166,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: New Conventional
  • First Open Lien Mortgage Loan Due Date: Mar 01, 2052

    Market Valuation

  • Market Total Value: $151,198
  • Market Land Value: $35,000
  • Market Improvement Value: $116,198

    Assessments Valuation

  • Assessed Year: 2022
  • Assessed Total Value: $151,198
  • Assessed Land Value: $35,000
  • Assessed Improvements Value: $116,198

    Sales

  • Current Sale Contract Date: Jun 29, 2015
  • Current Sale Recording Date: Jun 29, 2015
  • Current Sale Transaction ID: 1222655124
  • Current Sale Price: $147,000
  • Current Sale Document Type: Warranty Deed
  • Previous Sale Recording Date: Aug 20, 2014
  • Previous Sale Contract Date: Aug 20, 2014
  • Previous Sale Amount: $18,000
  • Previous Sale Document Type: Warranty Deed

    Last Sale Mortgage

  • First Mortgage Lender: CAROLINA BANK
  • First Mortgage Transaction Date: Jun 29, 2015
  • First Mortgage Loan Amount: $150,000
  • First Mortgage Terms: 360
  • First Mortgage Loan Type: New Conventional

    Financing

  • First Mortgage Financing Type: Fixed Rate

About Mebane



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Frequently Asked Questions

What neighborhood is 503 South 2nd Street located in?
The 503 South 2nd Street is a located in the neighborhood of Alamance in Mebane, Mebane.
What is the average sales price for listings in 503 South 2nd Street?
The average sales price for units in 503 South 2nd Street is $0 currently.

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